France Real Estate Report Q2 2014

Date: March 12, 2014
Pages: 73
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: FD262DA7312EN

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: France's commercial real estate sector, though among the best developed in the world, has underperformed during recent months, mirroring the trend seen in the wider economy. While international investors continue to be attracted to certain areas of the market - notably high-end retail - rental rates and yields continue to show little dynamism. In 2014, our core outlook is for rates to remain stable across the three sectors we cover of office, retail and industrial. Yields are also expected to remain fixed at currently levels, reflecting a relatively balanced supply-demand dynamic across the market. With a focus on the country's principal cities of Paris, Marseille and Nice, the Q214 France Real Estate report covers rental market performance in terms of rates and yields across the commercial office, retail and industrial sectors. We expect the most positive impact to be seen across the retail sub-sector, which will benefit from a continued improvement in consumer spending and robust tourist numbers. France is also benefiting from improving external demand, with export growth of 5% forecast for 2014 and expected to drive growth in the industrial real estate market over the year as a whole.

Recent Developments
  • Saudi-Arabia based Olayan Group and UK-based Chelsfield Partners has acquired nine French retail properties for a combines EUR1.23bn (US$1.68bn). The properties cover an area of 82,000m2 and include commercial buildings in Paris's Golden Triangle fashion district.
  • Global real estate portfolio and asset manager AXA Real Estate has sold its majority stake in France's Saint Sébastien shopping centre to UK-based real estate investment trust Hammerson for GBP109mn, representing 75% of the gross lettable area. Hammerson is closing the deal on behalf of one of its clients, with the transaction expected to be completed by end-March 2014.
BMI Industry View
Business Environment
Industry Forecast
  Table: Office Forecast Rents (US$ per m2/month)
  Table: Office Forecast Net Yield, 2011-2018 (%).
  Table: Retail Forecast Rents (US$ per m2/month)
  Table: Retail Forecast Net Yield, 2011-2018 (%).
  Table: Industrial Forecast Rents - (US$ per m2/month)
  Table: Industrial Forecast Net Yield, 2011-2018 (%).
Construction And Infrastructure Forecast Scenario
  Table: France Construction And Infrastructure Industry Data, 2011-2016
  Table: France Construction And Infrastructure Industry Data, 2017-2022
Macroeconomic Forecasts
Economic Analysis
Real GDP By Expenditure
Risks To Outlook
  Table: France - Economic Activity
Industry Risk Reward Ratings
Developed States Risk/Reward Ratings
  Table: Developed States Real Estate Risk/Reward Ratings
France Risk/Reward Ratings
Market Overview
  Table: Historic Rents - 2012-2013 (US$ per m2/month)
  Table: Net Yield, 2012-2014 (%)
  Table: Terms of Rental Contract/Leases - H212
  Table: Historic Rents - 2012-2013 (US$ per m2/month)
  Table: Net Yield, 2012-2014 (%)
  Table: Terms Of Rental Contract/Leases - H212
  Table: Historic Rents - 2012-2013 (US$ per m2/month)
  Table: Net Yield, 2012-2014 (%)
  Table: Terms Of Rental Contract/Leases - H213
Competitive Landscape
Company Profile
Bouygues Construction
Gecina SA
Unibail Rodamco
Demographic Forecast
  Table: France's Population By Age Group, 1990-2020 ('000)
  Table: France's Population By Age Group, 1990-2020 (% of total)
  Table: France's Key Population Ratios, 1990-2020
  Table: France's Rural And Urban Population, 1990-2020
Industry Forecast Methodology
Risk/Reward Ratings Methodology
  Table: Real Estate Risk/Reward Ratings Indicators
  Table: Weighting Of Indicators
Skip to top

France Renewables Report Q1 2016 US$ 1,295.00 Jan, 2016 · 47 pages
France Real Estate Report Q1 2015 US$ 1,295.00 Nov, 2014 · 67 pages
France Real Estate Report Q3 2014 US$ 1,295.00 Jun, 2014 · 71 pages
Investing in France’s Real Estate Sector US$ 275.00 Jun, 2011 · 50 pages

Ask Your Question

France Real Estate Report Q2 2014
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: